As part of the local community and knowing many shop owners I know moving into physical premises isn’t always easy. When you know your plan is to take your retail store to the next step, it isn’t always easy to imagine opening your very own new shop on the high street. Perhaps you’ve been solely online, or you’ve been working out of the garage. The next step is moving to proper shop premises and that’s not always easy to get up and running.
Getting up and running takes some time, and there’s no need to do it alone. There is plenty of advice out there to get you up and started in no time at all. With that in mind, let’s talk about five things that your new shop will need to be successful!
New Shop? Take Time To Think
Before you get started, you need to put aside some time to consider what you want the most for your new shop. It’s not just about your beginnings, but about where you hope to take the shop after you get started. You need to know what designs you want for your space going forward, and you should look into the new credit card machine upgrades. You can click https://squareup.com/townsquare/credit-card-machine-price to learn more about the right card machine that will work for your shop. Schedule time away from your business (i.e. the daily running of it) to concentrate on mapping out the future.
Chew The Right Physical Space For Your New Shop
A shop space is not the same as an online one. With physical space, you need to consider that you have to get the layout, the signage, the displays – it all has to be right. You need to consider that you have a lot of work cut out for you when it comes to ensuring your shop is exactly right for your customers. Rents and rates are of course the first thing to look at to ensure you can afford it but do make sure that the space is perfect for now and when your new shop grows.
Get To Know The Council
Your local council is going to be the one that makes or breaks your shop. They can close you down if you’re not adhering to health and safety, and they can build you up as an untapped resource of information. They can help with funding and grants that you may not have been aware of. Make sure that you are well aware of all relevant local regulations from parking to signage restrictions in advance.
Cash Flow: It’s Key!
When you set up your business systems, you need to ensure that everything is working together at the same time. You can use a financial team to help, but that doesn’t mean that you shouldn’t get to know your own finances. This will help you to understand where your money is going.
Know Your Resources
As a business owner, you need to see your business flourish, which means that everyone is going to be watching you to see where you go right and wrong. Customers are going to want you to succeed along with the local governments, so get to know where your resources are. Another resource that you should consider is other local businesses, whether they do the same as you can or not. Go and see what other shops are doing to keep their customers. Then, learn from them! Your local business association could also be a valuable resource.